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Anyway, I think he's on to something. I believe only the strongest social media platforms like YouTube, Photobucket, Flickr, MySpace, Facebook, Digg will survive. All those really weak followings like RockYou or TAG will die out.
Eventually, there will be social aggregators, widgets, tools, API, open-source code, mobile preferences, and everything we do will be automated.
Sounds cool, but it will take a 2 or 3 years to develop and install all these social media tools and organize the infomania.
- Scott Fox
James
that's what it's all about
Peter's on the mark with most things. However, I'm thinking the social tracking trend will slow down. It's all fun and games until you start feeling stalked! Seriously, social tracking will probably develop into a smarter system of social connection, perhaps even suggesting possible link-ups much the same way as Amazon now suggests additional products we may be interested in. Can you imagine the popularity of that for the dating market? Two single people are in the supermarket grocery shopping. They happen to have a few interests in common. Their cell phone sends an SMS from their network telling them to meet in frozen foods. Or instead of a potential date, it could actually alert businesses to a potential client. The uses for a smart system are only limited by our imagination.
- Alexa
I agree Shankman about information overload: we're definitely hitting a wall given all the different social networking sites. Aggregation may be an answer, but I'd bet on an industry shakeout, with some sites failing, some sites combining, and some succeeding (with acquisitions).
From a marketing perspective, the question of social media is measuring its impact. Selling out Harrah’s in six hours may be great, but I'd be interested in how that stunt helped the company's brand, and if Harrah's was able to point to new room reservations as a result of the campaign.